The company reported standalone net loss during the quarter stood at Rs 1.53 crore as compared to net loss of Rs 0.96 crore in the previous year quarter.

Net revenue of the company rose by 0.81 per cent at Rs 81.75 crore in January-March quarter of this fiscal as against Rs 81.09 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 32.42 per cent to Rs 45.13 crore from Rs 34.08 crore in year ago period.

Operating Profit slipped by 22.08 per cent to Rs 36.63 crore as against Rs 47.01 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 22.72 per cent in March quarter.

Interest grew by 6.20 per cent y-o-y to Rs 35.30 crore, while Taxation decreased by 86.83 per cent at Rs 1.78 crore (Mar'19 Rs 13.52 crore).